NEW YORK–(BUSINESS WIRE)–May 23, 2000

FX Connect is available on Global Link(R), State Street’s e-finance platform for institutional investors. Global Link is at the core of State Street’s e-finance business and serves as the central platform for introducing a broad range of new e-finance applications and services with full connectivity to institutional customers’ chosen trading destinations. The system currently provides over 260 asset managers in 21 countries with industry-leading research, analytics and trade execution services across multiple assets and markets. These client firms collectively manage about half of the world’s professionally managed cross-border assets.

The Company also offers a news/research division called ICT News that provides clients with accurate, current information on the Forex market. MG Financial Group is located at 40 Exchange Place, New York, New York 10005. Telephone: 212/835-0100.

“We have revamped the site with the objective of giving the User the best in functionality, ease of use and design. Multiple sections have been created to enlighten, educate and help the trader better understand and appreciate the complexity of online foreign exchange trading,” said, Jonathan Ziegel, head of marketing, MG Financial Group.

MG Financial Group, the leading online foreign exchange ( Forex) trading provider in the United States, today introduced a new web site, www. mgforex.com, designed to better meet the educational needs of Forex traders around the world. [pilcrow (paragraph sign)]

With $6.1 trillion in assets under custody and $729 billion under management, State Street Corporation is one of the world’s leading specialists in serving institutional investors. Offices are located in the United States, Canada, Chile, Cayman Islands, Netherlands Antilles, Ireland, United Kingdom, Netherlands, France, Belgium, Luxembourg, Switzerland, Germany, Czech Republic, United Arab Emirates, Russia, Peoples Republic of China, Taiwan, South Korea, Japan, Singapore, Australia, and New Zealand. State Street Corporation’s common stock is traded on the New York Stock Exchange under the symbol STT. For more information, visit State Street’s web site at www.statestreet.com.

Mr. Ziegel said that MG Financial Group would continuously improve the site so as to optimize the benefits for its traders. He said a new online application will be added shortly to aid in the efficiency of the application process. Likewise, an Account Status report currently found on Deal Station 2000(TM) will soon be accessible from one of the links.

Among the new additions are (1) a detailed User Guide to help traders learn the intricacies of Deal Station 2000, MG’s new proprietary trading platform, (2) a Foreign exchange real-time calculator issuing profit and loss summations for the Yen, Swiss, Sterling and Euro currencies, (3) a comprehensive Resources section explaining Fundamental and Technical analysis, along with factors affecting the currency markets, (4) a current rates window displaying both the bid and ask prices, updated every five seconds, (5) a Press Section featuring current news stories written about MG Financial Group and its products, and (6) a link to Forexnews, MG’s proprietary news & analysis site, featuring articles and ideas, a global calendar, and a free daily newsletter. Forexnews has won accolades for its quality by both CNBC and Barron’s Online.

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